The Spectator

George Osborne’s speech to the Conservative conference: full text and audio

At every Party Conference since the election, as we have gathered, the question for us, the question for me, the question for our country, has been: ‘is your economic plan working?’. They’re not asking that question now.

The deficit down by a third. Exports doubled to China. Taxpayers’ money back from the banks, not going in. 1.4 million new jobs created by businesses. 1,000 new jobs announced in this city today. Our plan is working.

We held our nerve in the face of huge pressure. Now Britain is turning a corner. That is down to the resolve and to the sacrifice of the people of this country. And for that support we owe the British people a huge heartfelt thank you. Thanks to you: Britain is on the right track.

So now families, working hard to get on, anxious about the future, are asking these questions: Can we make the recovery last? And will I feel it in my pocket?

My approach has always been to be straight with people. So let me answer these questions directly.

‘Yes’, we can make the recovery a lasting one. But it won’t happen by itself. Many risks remain. We have to deal with our debts and see our plan through. And ‘Yes’, if the recovery is sustained then families will start to feel better off. Because what matters most for living standards are jobs, and low mortgage rates, and lower taxes. But family finances will not be transformed overnight. Because Britain was made much poorer by the crash. That is what happens when you get a catastrophic failure of economic policy of the kind we saw under Labour.

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